Wall Street brokerages forecast that Genuine Parts (NYSE:GPC) will announce earnings per share (EPS) of $1.32 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Genuine Parts’ earnings. The lowest EPS estimate is $1.29 and the highest is $1.35. Genuine Parts posted earnings of $1.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The business is expected to report its next earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Genuine Parts will report full-year earnings of $5.65 per share for the current financial year, with EPS estimates ranging from $5.62 to $5.68. For the next financial year, analysts anticipate that the firm will report earnings of $6.00 per share, with EPS estimates ranging from $5.85 to $6.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Genuine Parts.

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Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, October 18th. The specialty retailer reported $1.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.48. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Genuine Parts had a net margin of 3.99% and a return on equity of 22.54%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share.

GPC has been the subject of a number of research reports. Wedbush raised their target price on shares of Genuine Parts from $93.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, July 20th. Zacks Investment Research cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Bank of America cut shares of Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Tuesday, October 30th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.60.

A number of institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in Genuine Parts by 5.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,236 shares of the specialty retailer’s stock worth $848,000 after purchasing an additional 512 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in Genuine Parts by 18.2% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 3,375 shares of the specialty retailer’s stock worth $310,000 after purchasing an additional 520 shares during the period. Baird Financial Group Inc. boosted its stake in Genuine Parts by 2.5% in the 3rd quarter. Baird Financial Group Inc. now owns 21,618 shares of the specialty retailer’s stock worth $2,147,000 after purchasing an additional 520 shares during the period. Ascension Asset Management LLC lifted its position in Genuine Parts by 4.4% in the 2nd quarter. Ascension Asset Management LLC now owns 12,525 shares of the specialty retailer’s stock worth $1,150,000 after buying an additional 525 shares in the last quarter. Finally, Bank of Hawaii lifted its position in Genuine Parts by 24.4% in the 2nd quarter. Bank of Hawaii now owns 2,861 shares of the specialty retailer’s stock worth $262,000 after buying an additional 561 shares in the last quarter. 75.85% of the stock is owned by hedge funds and other institutional investors.

NYSE:GPC traded up $0.46 during trading hours on Wednesday, reaching $101.87. 1,004,785 shares of the company’s stock were exchanged, compared to its average volume of 890,241. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.67 and a beta of 1.11. Genuine Parts has a 12 month low of $84.71 and a 12 month high of $107.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 1.33.